Euro Stands Only 20% Chance of Survival

According to a recently released prediction by the Centre for Economics and Business Research, the Euro only stands a 20 per cent change of surviving the next decade. “If the euro doesn’t break up, this could be the year when it weakens substantially...

Japan Tanker Explosion near Strait of Hormuz

A Japanese oil tanker was damanged in an explosion Wednesday as it was near the Strait of Hormuz. The explosion left one crew member injured. According to statements from Japan’s Ministry of Transport, the explosion could have been an attack. The...

War Weakens America

America’s ascendancy to world power status occurred during its period of inter-war isolationism. Its pre-eminence was catapulted further by its involvement in World War Two. The spoils of war and removal of Germany and Japan as major trade competitors...

Japan heading for “financial meltdown” says analysts

Japan’s economy is heading towards financial meltdown, say analysts, who see that public debt in Japan is greater than that of any other industrialised nation. Public debt in Japan is heading towards 200 per cent of GDP within the next year. Hideo...

Dr Doom advises investors to prepare for a “dirty war”

Marc Faber, who predicted the 1987 stock market crash and the current economic downturn, has warned investors who manage billions, that they should prepare for a “dirty war” and buy farmland and gold. The bleak warning of social and financial...

Chile earthquake update: 82 dead, Tsunami fears

The massive magnitude 8.8 earthquake that struck Chile early Saturday morning has now left at least 82 dead, with the toll expected to rise. The earthquake has also triggered a tsunami that has led officials throughout the Pacific to issue Tsunami warnings. Coastal...

7.0 earthquake triggers Tsunami warning in Japan

Following a 7.0 undersea earthquake off the coast of the southern island of Okinawa, Japan’s meterological agency issued a tsunami warning. The quake off the Japanese coast occurred at a depth of 10 kilometers at 5:31am local time. In 1995, 6,400...

Unemployment to stay high in the US, Europe until 2011

The Organization for Economic Cooperation and Development (OECD) has Share

APEC says global economy recovering

The leaders of 21 APEC economies, in a recently concluded two-day summit Share

Global Financial Crisis – The Road to the Pittsburgh Summit

It may surprise readers to learn that this World Economic Outlook sees global economic risks as having declined since our last issue in September 2006. Certainly this is at odds with many recent newspaper headlines and commentary, which have focused on...